Power stocks like Power Grid and REC would give good upside: Avinnash Gorakssakar

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Miintdirect.com shares his views on power sector.

ET Now: What theme or segment within the power sector are you most excited about?

Avinnash Gorakssakar: On the distribution side, I would be more positive on REC or Power Grid even at the current valuations. PSU stocks are going to be in flavour.

We are going to see large amount of QIPs and good amount of FII interest in these stocks. Stocks like Power Grid and REC at the current levels would definitely give good upside with a medium to longer term perspective.